Purchaser’s cancellation of a purchase contract
- Statute:
- New Mexico §47-16-13 · Article HOA (New Mexico Homeowner Association Act (NMSA 47-16-1 to 47-16-18))
- Topic:
- Member Rights · Cancel a purchase
- Applies to:
- HOA associations
To cancel under §47-16-11, hand-deliver notice to the lot owner or mail prepaid U.S. mail to the lot owner or the lot owner's agent for service of process. Cancellation is without penalty. Refund all payments within 15 days.
📄 Read the official text at nmonesource.com →
How SoShiny helps with Purchaser’s cancellation of a purchase contract
SoShiny tracks every member, owner, and renter at the unit level with the contact details and access rights this statute protects. Privacy-respecting by default, with statutory directory disclosures and opt-outs handled per-member.
See the feature → Start freeFrequently asked
- What does New Mexico §47-16-13 require?
- To cancel under §47-16-11, hand-deliver notice to the lot owner or mail prepaid U.S. mail to the lot owner or the lot owner's agent for service of process. Cancellation is without penalty.
- Who does New Mexico §47-16-13 apply to?
- New Mexico §47-16-13 applies to HOA associations in New Mexico.
- What happens if our HOA doesn't comply with §47-16-13?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for New Mexico community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of New Mexico §47-16-13?
- The official text is published by the New Mexico Legislature at nmonesource.com. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Purchaser’s cancellation of a purchase contract?
- SoShiny tracks every member, owner, and renter at the unit level with the contact details and access rights this statute protects. Privacy-respecting by default, with statutory directory disclosures and opt-outs handled per-member. Learn more →
Not legal advice. This page is a plain-English summary of New Mexico §47-16-13 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New Mexico-licensed attorney. For the official statutory text, see the link above.
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